UNION INVESTMENT SELLS HAMBURG MARRIOTT

London-based real estate investor UK & European Investments has purchased the Hamburg Marriott Hotel in the port of Hamburg, northern Germany, from Union Investment for €65 million (€234,000 per room). The six-storey hotel is in the centre of Hamburg, on ABC Strasse, and it has 270 rooms and eight suites. Following the sale, Union Investment's Hamburg hotel portfolio still comprises six properties.